Analysis: How GM became a Top Auto Industry Stock
Jan. 23, 2018—General Motors ended 2017 with a price rally and a rise of 17.7 percent, leading to optimism for that OEM heading into 2018, as noted in a report by Market Realist.
As a point of comparison, fellow OEMs Ford, Toyota and Honda were also top auto industry stock gainers in 2017, and rose 3.0 percent, 8.5 percent, and 16.8 percent, respectively, last year.
GM’s focus on profitable retail sales has recently helped it move toward higher profit margins, analyst John Parker noted. Throughout the bulk of 2017, GM’s Chinese market sales rose 3.3 percent year-over-year, for example. Another factor: last year, GM sped up its development programs for autonomous and electric vehicles.
Also of note when analyzing OEM stocks at 2018’s outset: Honda has inspired confidence throughout the company due to the fact that December 2017 marked the third consecutive month in which American Honda reported a year-over-year rise in sales.